US Fedex Freight announces general rate increase
FedEx Freight will implement a 5.9 percent general rate increase effective June 30, 2003. The increase will be applied by the company’s two operating units, FedEx Freight East and FedEx Freight West. FedEx Freight, the U.S. leader in regional less-than-truckload (LTL) freight services, is a subsidiary of FedEx Corp. (NYSE: FDX).
This increase applies to intra- and interstate traffic, including Canadian trans-border and other international lanes, as well as accessorial and minimum charges. Various additional adjustments will be made to select lanes and service areas.
“In the past year, we have added and expanded service centers and enhanced our technology capabilities to better meet the fast cycle distribution needs of the marketplace. At the same time, we have experienced increased costs for healthcare and insurance as well as compliance with new regulatory requirements. Our commitment is to be able to continue providing the high level of service and reliability our customers need and count on, ” said Dennie Carey, senior vice president of marketing for FedEx Freight.
Both of the FedEx Freight operating companies share a single base rate tariff and a single rules tariff, making shipping easier and more convenient. Customers may access rate quotes online at www.fedexfreight.fedex.com. After June 30, the revised FedEx Freight base rate and rules tariffs will be available on the company’s web site.
